Market euphoria over US-China tariff relief lifts regional indices as a key 1MDB figure steps back.

🇲🇾 Malaysia News – KLCI Surges After Trade Truce

• FBM KLCI rose to 1,570.89 — its highest in two months — following easing US-China trade tensions.
• The US slashed tariffs on Chinese goods from 145% to 30% for 90 days, with China cutting its own to 10%.
• At midday, the index remained up 1.4% at 1,568.12.
• Gainers outnumbered losers 4 to 1, signaling bullish momentum.

🌐 International News – Breon Peace Returns to Private Practice

• Breon Peace, known for prosecuting Roger Ng in the 1MDB scandal, exits public office.
• Returns to Cleary Gottlieb to co-lead litigation.
• His exit comes amid new executive orders reshaping the U.S. legal landscape under President Trump.
• Uncertainty now clouds high-profile cases like those involving George Santos and Gautam Adani.

🌏 Asia News – Markets Rally on Tariff Pause

• Asia’s markets follow Wall Street’s lead with major rallies.
• Japanese equities are expected to open 2% higher; Chinese indices gained 3%.
• Investors welcomed the US-China 90-day truce as a stabilizer.
• US-listed Chinese stocks soared 5.4% on Monday.
• Economists now expect fewer U.S. rate cuts in 2025, citing improving inflation outlooks.

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